Wow....there are so many that they are beginning to list them in groups.
No wonder the UE rate is gong back up.
Illinois employers warned they would lay off more than 1,000 workers in the coming months, according to notices filed with Illinois regulators in February.
Accretive Health warned it would lay off 148 workers. The company said in January the layoffs are part of a broader restructuring in which positions will be moved from Chicago to other cities to be closer to clients. Accretive said then the layoffs could affect as many as 170 workers. The company employs about 600 people in the region.
Graham Packaging Co., a maker of blow-molded plastic containers, gave notice to 170 workers, who could lose their jobs as soon as May due to a consolidation.
Passages Hospice said it closed its doors and laid off 88 people in February. The owner of the company was charged in January with federal health care fraud for allegedly engaging in a scheme to obtain higher Medicare and Medicaid payments.
Office Depot, which merged last year with OfficeMax, warned it would lay off 54 workers and that the layoffs began in January. The company told the state at the beginning of the year it would layoff an unspecified number of workers in April due to its headquarters relocation to Boca Raton. In a company memo obtained by the Tribune, the company said the move would mean the loss of about 1,600 workers in Illinois. About 400 workers are expected to stay in Illinois.
Other companies reporting layoffs included PolyOne designed Structures and Solutions, Sodexo and American TV and Appliance of Madison.
Employers with more than 100 employees are required to give 60 days notice of possible layoffs under the federal Worker Adjustment and Retraining (WARN) Act, but only when a third of the workforce or more than 500 workers could be affected.
The big shocker is Costco. Known as one of the best operators in the retail industry, Costco built a reputation for reliable sales and earnings growth even as competitors like Target (TGT) and Walmart (WMT) struggled. Not anymore. This is the third straight quarter earnings have come up short. While Costco rather refreshingly didn’t mention weather in their report, they did say that margins were a problem. That trend is unlikely to improve anytime soon.
The best thing Costco may have working for it is its relative performance. None of the discounters are doing much better as margins get crunched across the board, both online and in the stores.
Yep....the recovery is right on track.
(Reuters) - Staples Inc (SPLS), the largest U.S. office supplies retailer, forecast a fall in current-quarter sales as it loses customers to mass market chains and e-retailers, and the company said it would close up to 225 stores in North America by 2015.
See....FTR isn't so bad.
Activist investor Carl Icahn told CNBC on Wednesday that eBay has the worst corporate governance he's ever seen, and that's a symptom of how badly American companies are run.
•A check of the homebuilders following Hovnanian's big earnings miss and slowdown in closings (HOV now down 6.6%): NVR (NVR -1.5%), D.R. Horton (DHI -1.1%), KB Home (KBH -1.8%), Pulte (PHM -0.8%), Ryland (RYL -1.5%), Toll Bros. (TOL -0.3%), Lennar (LEN -1%).
More snow. That is the assessment of Mark Zandi and the ADP Private Payrolls, which just printed at 139K on expectations of a 155K print. But don't worry: the number was pre-spun for idiot consumption, as the 139K was actually an increase from the January 127K. What was not said is that the January number was a massive revision lower from the previously announced 175K. What will also not be said is that the December ADP print was revised lower from 227K to 191K and the November 289K was chopped off and revised to only 245K. Of course, both of those numbers were massive beats at the time, and have now become misses, but who cares: they have served their algo kneejerk reaction purposes. And while the data is complete garbage, and is obviously manipulated and goalseeked (as we have shown before), it should be welcome to the US to know that in February it generated a whopping 1,000 manufacturing jobs.
But the punchline, certainly, is this from Mark Zandi: "February was another soft month for the job market. Employment was weak across a number of industries. Bad winter weather, especially in mid-month, weighed on payrolls. Job growth is expected to improve with warmer temperatures.”
Because when economists become weathermen, only hilarious idiocy can emerge.
Following the revision, this was the biggest miss since February 2011. Luckily it was in January so it can be ignored.
Shares are discounted and cannot be sold for a period of time.
This is a very common practice to align management's view with the shareholders.
Let this be a warning given the markets are topped out.
Now that Ben Bernanke is no longer the head of the Fed, he can finally tell the truth about what caused the financial crash. At least that's what a packed auditorium of over 1000 people as part of the financial conference staged by National Bank of Abu Dhabi, the UAE's largest bank, was hoping for earlier today when they paid an exorbitant amount of money to hear the former chairman talk.
Bernanke confirmed as much when he said he could now speak more freely about the crisis than he could while at the Fed - "I can say whatever I want."
So what was the reason, according to the man who was easily the most powerful person in the world for nearly a decade?
"Overconfidence." (no, not "weather")
then why do we keep hearing of things like this?
KOTA Territory News has learned at least 100 employees of Nationstar Mortgage in Scottsbluff have been laid off from various departments.
Employees who worked in the customer service department say they were notified today that 50 workers would be laid off effective April 30th. This morning they were given packets detailing their severance package.
One employee says the department was notified back in October of possible layoffs but wasn't sure when the effective date would be.
Other employees from the Document Administration and Research Departments were notified about the layoffs as well. It is being reported that the Document Administration lay offs will take effect on March 28th.
It's being reported that back in November, Nationstar Mortgage laid off all of their part-time employees.
A message to Nationstar Mortgage's Senior Vice President of Corporate Communication has yet to be returned for more information about the layoffs.
Agree....6 megs is all most households would require.
6 megs download speed. Upload is usually slower and less important, unless you are working out of your home and need to send large files often and quick.